Tribune News Network
Doha
QatarEnergy has entered into a 15-year liquefied natural gas (LNG) sale and purchase agreement (SPA) with Kuwait Petroleum Corporation (KPC), solidifying their long-term energy partnership. Under the agreement, QatarEnergy will supply up to 3 million tonnes per annum (MTPA) of LNG to Kuwait, with deliveries scheduled to begin in January 2025. This contract further strengthens the energy ties between Qatar and Kuwait.
The contracted LNG volumes will be delivered to Kuwait’s Al-Zour LNG Terminal onboard QatarEnergy’s advanced fleet, including conventional, Q-Flex, and Q-Max LNG vessels. The Al-Zour terminal, a critical component in Kuwait’s energy infrastructure, will receive the LNG, which will play a key role in supporting Kuwait’s electricity generation and sustainability goals.
The official signing ceremony took place in Kuwait City and was attended by prominent leaders from both nations. The agreement was signed by Minister of State for Energy Affairs and QatarEnergy President and CEO HE Saad Sherida Al Kaabi and KPC Deputy Chairman and CEO Shaikh Nawaf Saud Al Nasir Al Sabah. The event was also witnessed by senior executives from both organizations, marking a milestone in Gulf energy cooperation.
In his remarks, Al Kaabi expressed his pleasure in visiting Kuwait, highlighting the significance of the agreement. "I am pleased to be in Kuwait, a country that is dear to our hearts, and to build a new long-term partnership between KPC and QatarEnergy that supports Kuwait’s sustainability goals, particularly in the electricity generation sector. It also reflects our commitment to supporting the future needs of all our clients, foremost of which is KPC,” he said.
Highlighting the strong bilateral relations between Qatar and Kuwait, Al Kaabi noted that the agreement exemplifies the deep brotherly ties and long-term partnership between the two nations.
This new agreement is the second long-term LNG SPA signed between QatarEnergy and KPC, further enhancing the trade relationship between the two countries and ensuring energy security for Kuwait’s future needs.Under the agreement, QatarEnergy will supply up to 3 MTPA of LNG to Kuwait from 2025